It’s wise to review your insurance policies annually, especially the adequacy and coverage of the policies.

Confer with your insurance agent about your homeowner (or renter’s), landlord, auto, boat, business, umbrella, and liability policies to make sure that your assets are protected in the event of damage and that you are protected from the risks associated with your assets, including flood and earthquake coverage.

Check the replacement values on the policy and the liability limits and medical coverage. Also review your deductibles.

Also review your  health insurance, life insurance, disability insurance, and the long term care/home health care policies that you may have.

Too often, people get hurt from their failure to review and modify their policies as their circumstances change.

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